Clause 32
Company Law Reform Bill [Lords]
5:00 pm
Jonathan Djanogly (Shadow Solicitor General (Also Shadow Minister for Trade and Industry), Law Officers (Assist the Home Affairs Team); Huntingdon, Conservative)
The hon. Gentleman makes an important point. My understanding, however, is that where a company has general objects, pretty much anything goes, and most new companies have general objects. However, when a company retains specific objects, those must still be adhered to. As we move increasingly towards general objects, those that get left behind will increasingly lead to confusion.